Pepper price today September 16, 2024, in key regions maintained a sideways trend compared to yesterday, trading around 152.000 - 156.000 VND/kg, the highest purchase price in the provinces Dak Nong, Dak Lak is 156.000 VND/kg.
Accordingly, Dak Lak pepper price was purchased at 156.000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) purchased at 154.000 VND/kg, stable compared to yesterday.
In the Southeast region, pepper prices today remained stable compared to yesterday. Specifically, in Binh Phuoc Pepper price today remains at 152.000 VND/kg. In Ba Ria - Vung Tau, it is at 155.000 VND/kg, stable compared to yesterday.
Pepper price today September 16, 2024: Black pepper price in domestic market increased for 4 consecutive weeks Thus, after a slight increase, domestic pepper prices today remained unchanged for the second consecutive day in key localities. The highest pepper price remains at 2 VND/kg.
At the end of last week, pepper prices in key regions fluctuated between 152.000 - 156.000 VND/kg, an increase of 2.000 - 3.000 VND/kg compared to the beginning of the week.
The price of black pepper in Vietnam's domestic market has increased continuously in the past 4 weeks, with a total increase of about 10,5 - 12,5% (equivalent to 14.500 - 17.500 VND/kg) compared to mid-August.
Thus, since the beginning of the month, domestic pepper prices have maintained a good upward trend. Compared to September 1, 2024, pepper prices increased by about 10.000 VND/kg in the provinces, except for Binh Phuoc province, which only increased by about 7.000 VND/kg.
Pepper price world today
Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 7.562 USD/ton, and the price of Muntok white pepper at 9.121 USD/ton.
The price of Brazilian ASTA 570 black pepper remained at $7.400/ton. The price of Malaysian ASTA black pepper was at $8.800/ton; the price of this country's ASTA white pepper reached $10.900/ton.
Vietnam black pepper price is traded at 6.800 USD/ton for 500 g/l; 550 g/l at 7.100 USD/ton; white pepper price at 10.150 USD/ton.
According to the Vietnam Pepper and Spices Association (VPSA), the inventory from the 2023 crop carried over plus the import volume in 2024 is about 40.000 - 45.000 tons (including informal imports), showing that the export source until the end of the year will be lower than every year and until the month of March 2025 when the 2025 crop is expected to be harvested.
In Brazil, under ideal conditions, the harvest in southern Brazil (Esperito Santo and Bahia) could easily exceed 100.000 tonnes. However, due to unusual weather conditions, some forecasts suggest that this year's harvest will be around 65.000 tonnes.
Indonesia recorded more inventories in the market, after some major producing regions completed the harvest.
With positive signals from the market and the efforts of businesses, the Vietnamese pepper industry is making steady progress.
Domestic pepper price on September 16, 2024
*Information is for reference only. Prices may change depending on time and location.
